[XMR] Monero Speculation

[aminorex]

4,000 BTC volume and climbing. Is that a record?

March 20th saw 680000 xmr move on poloniex at 0036, so yeah.  New high volume.

Big move up on strong volume... Can it get more bullish?

I don't see XMR borrowing demand.  Probably needs some sign of weakness to attract short interest.

[Blazin8888]

If we break 2k BTC on buy side...this is historic....have not seen that much for any coin since ETH

[smooth]

And Monero tops the Poloniex charts once again.

Home again.

The list of here today, gone tomorrow fads cycling through that list is long. Monero abides.

[nanobrain]

Meanwhile, here comes 0.005btc, about to be tested....gonna be fun when the US wakes up and sees this.

Some serious FOMO.

Hi nice to see you here !

Hi Risto
kuidas sul läheb?
Ja kuidas on maja....

[thelibertycap]

Looking at weekly timescale, the volume has been quite low compared to the last ramp up when ethereum was skyrocketing.
The whole chart is really nice, a huge double bottom with the second low forming what resembles a head of a huge reverse head and shoulders - with a recent breakout!

[sandiman]

Damn I was dead wrong 

[dEBRUYNE]

The real price of Monero is minimum 10-15$ - at least as much as Daesh(it).

Don't forget that in crypto discounting factors are generally inflated by a lot of idiosyncratic  event risks.  That seems like a pretty good equilibrium estimate for a year from now, if it sees actual use - and I do expect that it will - but under crypto-scale discounting, the NPV is probably closer to 3-4$.  

I would be unsurprised by an overshoot, say 5-6$, in the next week or two, but followed by a pullback, maybe as low as 2$.  Then a less dramatic but rapid rise to a 3-4 trading range, followed by a slow glide up into the 10-15 range on decreasing volatility - unless more markets add XMR, in which case additional, but smaller, spikes will keep volatility high, even while they push prices up faster than in the baseline expectation...towards a 20-25 range in 2 years.

I've been holding XMR in size since April of 2013 in anticipation of this event, and intend to continue holding until Monero has displaced bitcoin in all of the use-cases for which it is technically superior.  That would include most of the current uses of bitcoin. (And a price in the hundreds of 2016 USD, around 2020-2024, assuming no monetary systemic reset.)

I will slowly sell 5% of my holdings (a market making stake) on any near term spike close to $5, and try to get them back cheaper on the correction.  If that fails, I may or may not chase them uphill, depending on my ability to analyze the events of that time.  Although... I am beginning to question the value of continued market making because of the implied risk of underperforming the market.

This is my current speculation, and subject to prompt change (nonlinear) upon receipt of new information.

I think you meant 2014 here.

[dEBRUYNE]

4,000 BTC volume and climbing. Is that a record?

March 20th saw 680000 xmr move on poloniex at 0036, so yeah.  New high volume.

Big move up on strong volume... Can it get more bullish?

I don't see XMR borrowing demand.  Probably needs some sign of weakness to attract short interest.

I wouldn't call interest rates greater than 0.3% no borrowing demand.


Also, this is probably the best visualization and description of the current situation:

[thelibertycap]

Looking at weekly timescale, the volume has been quite low compared to the last ramp up when ethereum was skyrocketing.
The whole chart is really nice, a huge double bottom with the second low forming what resembles a head of a huge reverse head and shoulders - with a recent breakout!

[TheKoziTwo]

We just hit 5000 BTC in volume! Breaking all previous records



24hr Volume: 5002.32457536 BTC / 1046642.71699587 XMR

[bitkilo]

I think 5 MILLI SAT is very possible this year - if AlphaBay does follow and other markets.

mega-satoshi, or bit-cents, I think you mean.  And I would agree, contingent upon actual end-user uptake.  Merely having the option available does not constitute actual use.  If XMR takes 5-10% of the DNM monetary load, 0.05BTC is quite achievable this year.  That would be a relatively rapid adoption scenario, however.  Vendors really don't want to support multiple currencies, and deal with pre-release software in the state of Hydrogen Helix today.  For that reason, I think it is a lesser probability scenario.  I would estimate that it will take about a year to get to that level.  The only thing likely to accelerate the schedule is increasing AML/KYC restrictions and block-chain analysis by both exchange sites and LEOs.

Good place to store / hide your wealth if you are a big time vendor / also dont forget now XMR is on many vendors radars. It has also gained reputation due to Oasis and AlphaBay looking into it.

I just read about Oasis accepting XMR soon so thought I'd come back and check out this thread again.
I've always had my eye on monero and thought it as one of the much better alt coins out, congratulations on that, keep up the good work guys!

[dEBRUYNE]

MAAM #28 Monero Ask Anything Monday

https://www.reddit.com/r/Monero/comments/4z0azk/maam_28_monero_ask_anything_monday/

[Altitude]

Is now a good time to buy XMR or do you guys think it will come down some and offer a better entry.

I suggest you seek professional financial advice from someone licensed to do such a thing.

With all the experience on this thread I thought that's what I was doing.
 

Picked up a few k though. Hope it pays off.

Experienced != Legally Licensed to give financial advice.

I've always thought the whole point of crypto was to avoid those ignorant scam artists legally licensed to give financial advice.
To whit...

All of you guys rock. Now I know why this coin has survived so long. It's gotta be the strong community.


Should I buy more today

I want to but I don't want to over extend myself.

[Febo]

4,000 BTC volume and climbing. Is that a record?

March 20th saw 680000 xmr move on poloniex at 0036, so yeah.  New high volume.

Big move up on strong volume... Can it get more bullish?

I don't see XMR borrowing demand.  Probably needs some sign of weakness to attract short interest.

I found February 13th 2016, with 1241777 XMR traded as a highest volume. But i think we will beat this today. in BTC is already highest volume.

[TrueCryptonaire]

The next major resistance is ATH (0.011) if we get there.
After that probably it is free fly since only real daredevils (besides miners) will sell as nobody knows how high this will fly. If the Darknet market people start also using (why they wouldn't) their demand might bring Monero to 100 usd each, even higher depending on how low you guys are gonna sell your coins to them.
Mine are not for sale before 100 usd, and only like 10-50 XMR so that I can buy a few gold coins just for fun. 

[Altitude]

The next major resistance is ATH (0.011) if we get there.
After that probably it is free fly since only real daredevils (besides miners) will sell as nobody knows how high this will fly. If the Darknet market people start also using (why they wouldn't) their demand might bring Monero to 100 usd each, even higher depending on how low you guys are gonna sell your coins to them.
Mine are not for sale before 100 usd, and only like 10-50 XMR so that I can buy a few gold coins just for fun. 

So fuck it I should just go all in right now then and make a score of a lifetime.

[TrueCryptonaire]

The next major resistance is ATH (0.011) if we get there.
After that probably it is free fly since only real daredevils (besides miners) will sell as nobody knows how high this will fly. If the Darknet market people start also using (why they wouldn't) their demand might bring Monero to 100 usd each, even higher depending on how low you guys are gonna sell your coins to them.
Mine are not for sale before 100 usd, and only like 10-50 XMR so that I can buy a few gold coins just for fun. 

So fuck it I should just go all in right now then and make a score of a lifetime.

All in is a risky move but sometimes it pays off.

The recent rise of Monero to 5's is in the very same time as this vid was publishded...
https://www.youtube.com/watch?v=R4S-eLLiTwk&feature=autoshare

Coinincidence....?

[MooneroShill]

The recent rise of Monero to 5's is in the very same time as this vid was publishded...
https://www.youtube.com/watch?v=R4S-eLLiTwk&feature=autoshare

Coinincidence....?

Yes that video with its totally crazy 150 views is the reason Monero pumped.

I don't like him, his videos or his old webcam from 2004. And you can't change my mind with your pathetic shilling attempts trying to make us believe he is somehow responsible for this rise in price. Get outta here..

[ArticMine]

...

All in is a risky move but sometimes it pays off.

The recent rise of Monero to 5's is in the very same time as this vid was publishded...
https://www.youtube.com/watch?v=R4S-eLLiTwk&feature=autoshare

Coinincidence....?

He has not connected the dots at all between the blocksize debate in Bitcoin and Monero, while mentioning both in the same video.

[Febo]

Talking about videos. Maybe this one will be one of best investment video advise ever. In October 2015 Monero was worth 40 cents.

A video worth watching again of American Pegasus talking about the price of Monero: https://www.youtube.com/watch?v=iEzNXzZy8e4